Perth’s new apartment market recorded its strongest quarter of sales since Q4 2021, with 412 apartments sold in Q1 2026 and a record quarterly sold value of $537 million, according to Urbis’ latest Apartment Essentials results.

Urbis said the March quarter result reflects strong, highly product‑specific demand across both ends of the market, from more attainable projects delivering at scale, through to premium stock being absorbed by equity‑rich downsizers.&nbsp;

David Cresp, Partner at Urbis, said the key story in Perth is not demand, it is the market’s ability to convert demand into delivered housing.&nbsp;

“This is the strongest sales quarter since Q4 2021, and it reinforces that demand in Perth is real and it’s local,” David Cresp said. “But the task now is delivery, turning that demand into projects that can actually be built and completed.”&nbsp;

[smartcode_project:default project_id=110291 project_image_fid=302785]

<h2>Affordable product leads, premium demand remains resilient</h2>

Sales in Q1 were led by more affordable projects, with The Boulevard (SKS Group) recording 115 sales in the quarter, the presentation noting this is only the second time a single project has surpassed 100 quarterly sales. The project was able to offer more affordable housing product right next to a train station.&nbsp;

Palmyra West (Finbar) also delivered strong results with 28 sales in Q1, following 84 sales in Q4, with an average price of under $800,000, underscoring depth of demand for well‑located, attainable new stock.&nbsp;

At the premium end, Urbis said downsizer demand is continuing, with the results highlighting Romeo (Applecross, Finbar) recording 75 sales and reaching almost 50% sold in one quarter.

Jual (Shenton Park, Celsius Property) also posted a strong quarter with 28 sales, reaching 39% sold in one quarter.

Urbis noted that Perth apartment demand is not speculative, not investor‑led, and not uniform, describing it as localised, often equity‑driven and highly product‑specific, a pattern reflected in the polarisation between strong “attainable” performers and premium downsizer product.&nbsp;

[smartcode_project:default project_id=148957 project_image_fid=364102]

<h2>Prices underpinned by costs, and the delivery risk is growing</h2>

Urbis said pricing pressure is cost not demand‑driven: construction costs and delivery risk are now a central constraint, with the results noting build costs remain elevated and volatile, and that energy, fuel and labour uncertainty weigh on feasibility.

David Cresp said a growing challenge for private Build‑to‑Sell developers is simply securing a builder in the current environment.

“Developers are really feeling the pressure from a building market that was operating at capacity and securing a builder is challenging,” David Cresp said, adding that even where a builder can be secured, “trying to get to the price that makes the development financially viable is incredibly challenging in the current market.”&nbsp;

Urbis’ broader WA commentary also notes that industry remains at or above capacity with lot and housing creation, and that many builders are limiting new sales to manage stretched workforces and fixed‑price contract pressures, conditions that flow directly into apartment feasibility and delivery timing.

[smartcode_project:default project_id=108869 project_image_fid=317905]

<h2>Supply: improving later, but still constrained, and Perth lags eastern benchmarks</h2>

While near‑term supply remains constrained, Urbis’ forecast shows completions lifting “Supply is forecast to be back above 1,500 apartments per annum for the first time since 2019”, with 1,775 completions forecast for 2026, and volumes remaining above that level over the following years.&nbsp;

Looking further ahead, completions are forecast to reach 2,500 in 2028, with the report noting 32% of that total is social/affordable, reflecting the role of government‑supported delivery in rebuilding the pipeline.&nbsp;

However, Urbis said Perth remains behind comparable markets on pipeline scale. In a national comparison of projects under construction, the report shows under construction Perth Build‑to‑Sell (BTS) at 3,446 apartments versus the Gold Coast at 7,922. Mr Cresp said “The challenge for Perth is how to we grow the delivery pipeline”.

Urbis’ conclusion is that Perth’s market is increasingly defined by product discipline and delivery certainty, with the research identifying “delivery certainty is key” and calling out builder risk and procurement models as core success factors, alongside “timing and staging”.&nbsp;

Joel Robinson

Perth apartment sales hit strongest pace since late 2021 as builder capacity tightens

<a href="https://www.apartments.com.au/developers/sammut-developments">Sammut Group</a> has secured development approval for its latest Brisbane apartment project, marking the Sydney developer’s next step in expanding its Queensland pipeline following the success of its debut Gold Coast development, Coast.

The approved project at <a href="https://www.apartments.com.au/new-apartments/44-glen-road-toowong-qld-4066">44 Glen Road, </a><a href="https://www.apartments.com.au/developments/toowong-qld-4066">Toowong</a> will deliver a 15-storey riverfront apartment building with 42 residences, significantly increasing the scale of the site’s previous approval for a smaller luxury scheme. Designed by Bureau^proberts, the development will comprise a mix of predominantly four-bedroom and two-bedroom apartments positioned to maximise Brisbane River and city views.

Sammut Director Julian Sammut said the group had been actively searching Brisbane for several years before identifying Toowong as the right fit.

“Brisbane was the right step for Sammut,” Sammut said.

“With the success of Coast we thought we should definitely look to do more in Queensland alone. We then pushed up to look at Brisbane. We've been looking for I'd say two to three years actually and it was hard to find the right location.”

<img alt="Sammut makes Brisbane apartment play" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/f_auto,c_limit,w_1440,q_75/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/field/image/Screenshot%202025-12-23%20at%203.27.14%E2%80%AFPM.png?VersionId=dYAVIL7qdcGA8ojvkslSrLjczXFejSSx" />

Sammut said suburbs including New Farm and Teneriffe were considered before the group ultimately focused on Toowong due to its strong downsizer demographic and limited supply of developable riverfront land.

The site was acquired off-market after what Sammut described as a lengthy negotiation and planning process, with the developer pursuing an uplift to the original approval.

“We are DA approved now which is very exciting,” Sammut said.

“We've had our change approval come through and we've obviously doubled the height, 15 storeys plus rooftop. We've got 42 amazing apartments that are going to be coming to market soon.”

<img alt="Sammut makes Brisbane apartment play" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,dpr_2.0,q_auto:good/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-12-23%20at%203.27.26%E2%80%AFPM.png?VersionId=ohkRkY0dIZlqdfME2EZePsCQavRiBadE" />

Bureau^proberts said the design responds to Toowong’s evolving urban character, balancing contemporary apartment living with the area’s established residential identity.

“A place where traditional Queensland living has taken place for centuries; Toowong is seeing a shift of contemporary influence, commercial and retail hubs mixed with well-considered residential offerings – all the while maintaining its character and charm,” the architect noted in planning documents submitted to Brisbane City Council.

The architecture practice said the project’s form was shaped by its riverfront setting, flood considerations, neighbouring building scales, and view corridors.

“They said the mix of four and two-bedroom apartments capture the ‘fundamental qualities of Queenslander living,’ translated into the context of a contemporary subtropical building.”

The development sits just off Coronation Drive within walking distance of Toowong’s retail precinct and the upgraded Regatta ferry terminal, while also benefiting from proximity to the incoming green bridge connection to West End. Sammut said the accessibility and amenity offering were central to the site’s appeal.

The approval adds to growing residential activity along the Toowong riverfront, joining nearby projects including Consolidated Properties’ Monarch Residences and Spyre Group’s ARC Residences.

Sammut secures approval for debut Brisbane apartment development in Toowong

Developer Lanevick is heading back into Sydney’s apartment market after focusing more heavily on the luxury townhouse and terrace sector in recent years.

Lanevick, founded and directed by Steve Maroun, is expecting to receive approval in the coming months for a new apartment development in Gladesville, with the aim to launch it to the market later this year.

The 51-apartment project, designed by Studio Johnston, will comprise a mix of one-, two-, and three-bedroom apartments positioned toward the Hunters Hill downsizer market.

“Traditionally it’s been difficult for people in that market to downsize because there just hasn’t been the right product available,” Maroun said.

“We’re targeting buyers who might have 30 to 40 per cent of their house value sitting in the bank after downsizing.

“They still want good spacious entertaining areas, they still want quality design, but they also want flexibility and the ability to enjoy life a bit more after working hard for a long time.”

The project sits near Boronia Park and within close proximity to the Parramatta River foreshore, an area Maroun says offers more of a Hunters Hill lifestyle than a traditional apartment precinct.

“From a lifestyle perspective, it’s really more Hunters Hill than Gladesville,” Maroun said. “You’re close to the foreshore, close to parklands, and still connected back into the village precinct.”

From level four and above, apartments will capture water views&nbsp;toward Sydney Harbour. Communal amenity will include rooftop entertaining areas, wellness spaces, and a gym tailored toward owner-occupier buyers.

“We’ve really designed these apartments around that buyer coming from the Hunters Hill LGA and what they’re actually looking for in their next chapter.”

The proposed development has also been designed to respond to the changing character of the broader Gladesville town centre, where a growing number of mixed-use and residential proposals are expected to emerge over the coming years.

“Gladesville presented a rare opportunity to deliver a genuinely design-led residential project within an evolving lifestyle precinct, just moments from the growing Gladesville town centre, and we’ve approached the project with a strong focus on architecture, liveability and long-term community value,” Maroun said.

Maroun said Lanevick saw a first-mover advantage within the precinct as planning controls continue to evolve to accommodate greater housing density.

“We think there’s a real opportunity there that hasn’t really been serviced properly yet,” he said.

“There’s going to be a broader evolution of the whole Gladesville village precinct over time, particularly with more activation and mixed-use outcomes.”

The Venus Street proposal will include a commercial and retail component at ground level designed to contribute to that evolving streetscape activation.

“A big part of the thinking was how do you activate that area properly and create more vibrancy and amenity, which is what Hunters Hill has been looking for,” Maroun said.

Lanevick’s focus since 2020 has largely been on smaller-scale luxury townhouse and terrace developments. The developer recently completed Royale Randwick, also designed by Studio Johnston, where prices reached $3.65 million. The project was featured in the UDIA NSW 2026 Professional Development Prospectus and was also named a finalist for Development of the Year.

&nbsp;

Lanevick to cater for Hunters Hill downsizers with new Gladesville apartment development

Property developer One Living, backed by former Macquarie banker turned investment manager Chris Green’s investment firm, has unveiled plans to bring more institutional capital into housing to help address the national supply crisis.

The New York-based investor has focused his firm, GreenPoint Partners, on addressing the supply shortage hitting middle market housing in Australia.

It is backing the new One Living business to develop more than 1000 units along the eastern seaboard. The new firm is starting with a development on Mona Vale Road, on the border of Mona Vale and Pymble, in Sydney’s Northern Beaches, with around 140 apartments planned. They are eyeing off more sites across the city.

With cost pressures rising in the industry, One Living’s model is to be a vertically integrated developer-builder, so it can respond directly to the housing gap by removing the cost inefficiencies embedded in traditional residential delivery.

“We are building a platform designed to operate at scale and starting in a market where there’s a clear need for quality, attainable housing,” One Living joint managing director Joseph Scuderi said.

“It’s that missing middle – it’s that attainable end of housing… that’s what most Australians invest into and what Australians can actually afford.”

<img alt="Mona Vale" data-entity-type="file" data-entity-uuid="798dfa93-4941-4db6-a696-31e9dc18e81c" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-05-28%20at%202.31.50%E2%80%AFPM.png?VersionId=mKBqi5C_DmeiXS.AtJkcR8LQIxqCqmFi" />

GreenPoint Partners brings years of experience assembling and scaling real estate operating businesses across major markets. And Green sees a big opportunity in Australia.

“For its size, sophistication and importance to the community, Australia’s living sector has remained largely under-institutionalised, which represents significant opportunity,” Green said. “GreenPoint identified that gap, assembled the right team, and is backing One Living to build a platform that is aligned to market needs.”

Green said being a builder-developer would give the company the capacity and flexibility it required to deliver reasonably-priced homes.

“We want it to be at that attainable level; not super high end luxury but at that attainable level,” he said.

<img alt="Mona Vale" data-entity-type="file" data-entity-uuid="74a5344a-4b26-4d4a-ada3-056b1220be77" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-05-28%20at%202.32.15%E2%80%AFPM.png?VersionId=vY8hXHO4reBMdO8ZXMWCNtGZJofUPQ3j" />

&nbsp;

One Living will undertake a component of affordable housing in its schemes, which it will own and operate, and it could also run build-to-rent on some sites.

Green praised local policy settings.

“The NSW government is being very supportive, strategic and pragmatic in terms of how do we generate more supply of housing,” he said. “We think it’s actually positive for development and the bit that’s been lacking at that attainable level is that it’s lots of relatively small private developers, whereas we want to create an institutional platform.”

One Living is also&nbsp;looking at high-density projects and could take on more institutional funding in the future.

“The way we will be able to achieve economies of scale is through size,” Green added.

One Living enters Sydney's new apartment market with Northern Beaches site acquisition

It's been several years since there's been an opportunity to buy a brand new townhome in Melbourne's coastal suburb of Mordialloc. Even apartment developments in recent times have been few and far between in the area.

Local developer LDS Property identified the gap in new housing, securing a site on White Street, directly opposite&nbsp;Woodlands Golf Club Mordialloc. They've recently launched&nbsp;<a href="https://www.apartments.com.au/new-townhouses/wm-residences-mordialloc-102-white-street-mordialloc-vic-3195">WM Residences</a>, just 13 townhouses which they have already started building.

Projects by Buxton Director Heath Thompson, who is selling WM Residences, says the townhouses x that perfect middle ground be

"Mordialloc residents have had limited options to downsize within the suburb, often forcing them to look elsewhere despite long-standing ties to the area," Thompson says.

"With very little comparable new supply coming to market, projects like WM Residences are well placed, particularly as buyers look to capitalise on current conditions amid constrained supply."

[smartcode_project:default project_id=134646 project_image_fid=6109]

The development, designed by regarded architecture firm&nbsp;<a href="https://www.apartments.com.au/architects/ewert-leaf">Ewert Leaf</a>,&nbsp;adopts a deliberately restrained architectural approach, focusing on simplicity, durability and liveability rather than overt design gestures.

The boutique scale is central to the offering. With only 13 three-bedroom residences, each home is configured to prioritise functional layouts and everyday use, supported by private terraces and secure two-car garages.

Ewert Leaf’s design response leans into a calm, neutral material palette. Interiors are defined by oak flooring, white walls and soft finishes, creating a consistent and understated backdrop. The approach avoids trend-driven detailing in favour of longevity, with an emphasis on natural light and spatial clarity.

[smartcode_project:default project_id=134646 project_image_fid=6110]

Beyond aesthetics, the homes are designed to meet contemporary performance expectations. Each residence targets a minimum 6-star energy rating, incorporating double glazing, comprehensive insulation and all-electric Bosch appliances.

The project’s location supports a walkable coastal lifestyle, sitting within close proximity to Mordialloc’s foreshore, Main Street retail strip and the train station. Local cafés and dining venues, including Suburbia Deli and Hendriks Café, are within a short walk, reinforcing the area’s established neighbourhood character.

[smartcode_project:default project_id=134646 project_image_fid=6116]

While <a href="https://www.apartments.com.au/developments/mordialloc-vic-3195">Mordialloc</a> is often defined by its beach and pier, the project taps into other areas of day to day living, offering easy access to local food, casual dining and transport, rather than positioning itself purely as a lifestyle retreat.

WM Residences reflects a continued trend across Melbourne’s coastal suburbs towards smaller-scale, design-led townhouse developments, particularly on infill sites where proximity to amenity is already established.

With construction commenced prior to its market entry, the project aligns with a growing preference among buyers for developments with visible progress and defined delivery timeframes.

[smartcode_project_cta:default project_id=134646]

WM Residences fills gap in Mordialloc townhouse market

Chatswood

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The Chatswood retail space, home to the former Fook Yuen Seafood Restaurant, has been listed for lease.
It is billed as unlocking a premier business opportunity in one of the North Shore’s most enviable locations. 
Fook Yuen, a Chatswood institution for more than three decades, closed its doors to its podium level restaurant at 7 Help Street in October last year. 
CBRE agents Amy Pfeiffer and James Beerworth have been appointed to lease the 941sqm space.
It is located inside the nine-storey building at the junction of Help and Railway streets.
"This high profile space could suit a large scale food &amp; beverage operation, fitness or education facility, medical user or office,” Ms Pfeiffer said.  
The property is offered for lease with 10 security car spaces and a single lockup garage.
The commercial grade kitchen has existing connections to grease and exhaust extraction, making it suitable as a future hospitality operation. 
“With an influx of restaurant operators from Sydney’s Chinatown looking to break into the Chatswood market, we expect there will be competitive interest in the offering,” Ms Pfeiffer added.  
 
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Chatswood restaurant Fook Yuen closes doors after three decades

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The Sydney developer Develotek is selling a 5420sq m Chatswood site with $250 million hopes.
The site includes houses at 51-61 Archer Street, 30-32A Bertram Street and 34 Albert Avenue.
Knight Frank are handling second-round expressions of interest, with a likely deal to be closed by January, according to Fairfax Media.
It is being marketed as "The Bertram", with the prospect of 400 apartments in a 90-metre tower. There is a heritage cottage which will be restored.
Develotek, which has a history of door-knocking owners of private properties to put together large residential sites, amalgamated 38 properties in 2015 for a proposed 700 apartments at Granville.
It is understood Develotek has options over the privately owned Chatswood properties, eight houses and 12 townhouses.
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Develotek list Chatswood site with $250 million hopes

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Colliers International and Cadigal Leasing have backfilled 6,000 sqm of office space in Chatswood, as vacancy rates in the area continue to decline.
The office tower at <a href="https://www.realcommercial.com.au/property-offices-nsw-chatswood-500228557" target="_blank">475 Victoria Ave Chatswood</a>, owned by Cromwell Property Group has been one of the most recent buildings to benefit from the lack of good quality stock on the North Shore.   
Lisa Treble, director of office leasing at Colliers International and Marcus Pratley of Cadigal office leasing, have successfully back filled the 6,000 sqm vacancy left by Leightons following their move to North Sydney.
The space has been filled with tenants including Pronovate, Filtered Media, Trend Wealth and Venita with rents of $535 per square meter net.
The leasing agents said “Chatswood is seen by tenants on the North Shore as a great business hub where there is no disruption on the streets from developments. Tenants are drawn to this location as it is well equipped with the large retail precinct so close to the CBD core.”
Chatswood will continue to attract tenants whilst the surrounding office markets are continuing to undergo major developments. A large take up of office space from tenants will likely cause vacancy rates in the area to drop once again.
Chatswood will benefit greatly from the new Metro Rail line with the Chatswood to Rouse Hill section due to open 2019. This Metro station is the only one which has a direct access to the Train line without having to leave the immediate station to cross over with different transport links.
Chatswood also benefits from the large parking ratios and ease to get in and out of with it being such central catchment area for staff.
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jonathanchancellor-7SQnKwU6yx

Office vacancy rates continue to decline as Chatswood offices get filled

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A freehold building in the heart of the Chatswood CBD is about to go under the hammer, bringing with it, a boutique redevelopment opportunity.
The <a href="https://www.realcommercial.com.au/property-retail-nsw-chatswood-502565362" target="_blank">503 Victoria Avenue</a> property is a two-storey commercial building that offers 225 sqm of floor area on a 428 sqm site.
The property is surrounded by a mix of retail and commercial premises. 
The building is being offered with vacant possession coupled with planning controls that allow for future commercial, hotel accommodation, child care, medical, serviced apartments or entertainment or educational purposes subject to council approval.
It was previously utilised as a medical centre.
It has three access points and the flexibility to operate with two separate tenancies, according to the listing agents from Savills and Knight Frank.
The listing agents are David Hickey and Tim Grosmann of Savills Australia and Linda Zhu and Dominic Ong of Knight Frank.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/09/25/ChatswoodNew2.jpg" alt="">
This is the third freehold property in the Chatswood CBD that has been publicly offered since 2015 in the below $15 million category.
“The site is favourably zoned B3 – Commercial Core allowing for commercial use, with a height limit of 90 metre and maximum FSR of 5:1. The redevelopment potential for this property could yield (2,140 sqm) in potential Gross Floor Area (STCA) under the existing planning controls,” said Hickey from Savills.
In addition, two major shopping centres Westfield Chatswood and Chatswood Chase are close.
With some 164,000 sqm of retail space, the Chatswood CBD is one of the strongest retailing locations in Australia, said Hickey.
Both investors and developers could be attracted to the property, said Linda Zhu of Knight Frank.
“The close proximity to the Sydney CBD and retail offerings within Chatswood make this a very attractive prospect for investors and developers alike.” 
The auction is scheduled for October 26.
 
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Commercial building in Chatswood up for auction

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Developer Mayrin Group has purchased a site in Sydney’s North Shore for more than $35 million through Savills Australia.
The site features nine individual residences and spans 6,778sqm.
The site, 130-138 Archer Road and 10a, 12 and 14 Boundary Street in Roseville is 600 metres from the Chatswood Business District.
William Wu, the Director of Mayrin Group said the site has two street frontages, will provide more than 40 townhouses.
 "This rare, medium-density product will reshape and lead the local market which is dominated predominantly by apartments and houses," he said.
The site boasts an 80.63 metre street frontage along Archer Street and an 87.3 metre frontage along Boundary Street. 
According to Stuart Cox, Director of Residential Site Sales at Savills, Roseville is a hotly contested Lower North Shore suburb with very few opportunities to acquire a property of this unique size. 
“This is one of the largest land holdings sold to date on the North Shore," he said.
"The site is zoned R3 Medium Density Residential, which lends itself to a premium grade, low-rise residential flat building development or prestigious townhouse development.
"There are currently no premium townhouses for sale ‘off the plan’ in the whole suburb."
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Mayrin Group buys Roseville site for townhouse development

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A six bedroom Chatswood house has sold for $5.635 million making it Sydney’s most expensive recent weekend auction sale.
Located at <a href="https://www.realestate.com.au/property-house-nsw-chatswood-125954126" target="_blank">17 Dulwich Road</a>, the 1802 sqm property is a full brick home with timber floors.
It features a formal dining and living area as well as casual living and dining that leads to the alfresco terrace.
The kitchen features Caesar Stone benchtops and quality Miele appliances while a separate pavilion is available with a large living/games room.
There is also a studio apartment with bedroom, walk-in robe and ensuite available.
Near the entrance is a home office while upstairs are six bedrooms and a TV room with the master suite and another bedroom having their own rooftop terrace.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/08/20/17%20Dulwich%20Road-2.jpg" alt="">
Three of the bedrooms also have their own built-in robes and the master has its own ensuite.
Other features includes a tennis court, four lock up garage and gas heated pool.
Public transport, restaurants and Chatswood shops are within close proximity of the property.
The property was offered through Chadwick Real Estate agents Lynette Malcolm and William Zhang.
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Six bedroom Chatswood home sold for $5.635 million

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Office vacancy in Sydney's Chatswood is expected to increase throughout 2017 as a number of whole floor opportunities enter the market, according to Colliers International’s latest Metro Office report.
It noted Leighton vacated 799 Pacific Highway and Lendlease will be relocating to Barangaroo from The Zenith.
Vacancy has already increased from 6.6 per cent to 7.7 per cent in the six months to January 2017 with negative net absorption of -3,310 sqm.
"As a result we expect incentives to remain stable throughout 2017,” the report stated.
A Grade property rents have increased slightly over the last six months, Colliers says.
“In the six months to March 2017 average A Grade net face rents increased marginally at 1.5 per cent settling at $510 per sqm, while incentives increased from 24 per cent to 25 per cent as a result of increased vacancy.
"We expect to see owners splitting floors and offering speculative fit-outs to drive demand in the sub 500 sqm range as heightened competition remains for whole floor space. The Zenith is already seeing success with this strategy,” the report said.
A 86 sqm office at <a href="https://www.realcommercial.com.au/property-offices-nsw-chatswood-502363334">47 Neridah Street</a>, Chatswood (above) has been listed for $825,000.
Similarly, a boutique freehold office at <a href="https://www.realcommercial.com.au/property-offices-nsw-chatswood-502252494">754 Pacific Highway</a>, Chatswood (below) has been listed for sale.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/05/02/754%20Pacific%20Highway.jpg" alt="">
A 247 sqm office at <a href="https://www.realcommercial.com.au/property-offices-nsw-chatswood-502192670">2/9 Railway Street</a>, Chatswood (below) was recently sold in April.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/05/02/29%20Railway%20Street.jpg" alt="">
Similarly a 118 sqm office at <a href="https://www.realcommercial.com.au/property-offices-nsw-chatswood-502174514">Suite 603, 7 Help Street</a>, Chatswood was recently sold in April.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/05/02/Suite%20603%207%20Help%20Street.jpg" alt="">
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Office vacancy in Sydney's Chatswood expected to increase: Colliers

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A freehold commercial property in Sydney’s Chatswood has been listed for sale with price expectations of about $25 million.
The 754 Pacific Highway, Chatswood property has a net lettable area of 3,825 square metres. 
The property sits within an area currently zoned for future retail, commercial or mixed use developments, subject to council approval.
The property is being sold via an international expressions of interest and select tender campaign closing March 1 through selling agents Henry Burke of Colliers International and Hugh Anderson of Sutton Anderson.
“We experienced a huge amount of demand for freeholds and expect this trend to continue well into 2017,” Burke said.
There was a record sales result for 282-284 Victoria Avenue for $46.25 million, which represented a net yield of 3.9% and a rate per square metre of $8,300 for two C grade commercial buildings.
15 Help Street sold for $43.8 million, representing a net yield of 5.62% rate per square metre of $8,118 for a B grade office building in the core CBD of Chatswood.
The major result for Chatswood in 2016 was the sale of The Zenith Centre by Dexus &amp; GPT to Centuria and Blackrock for $279 million.
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Commercial property in Sydney's Chatswood listed with $25 million hopes

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A prime parkside property at Chatswood has been sold for $4,955,000, the dearest result at auctions across Australia over the weekend.
Located at <a href="https://www.realestate.com.au/property-house-nsw-chatswood-124569382" target="_blank">47 Stanley Street</a>, the property was marketed as "an ideal combination of prime positioning and powerful potential."
The solid five bedroom Federation home sits on a 925 sq m block with views over Bales Park.
There were 25 bids before it was knocked down to an owner occupier at about 15 per cent above its reserve.
It has many original period details along with marble fireplaces, high ornate ceilings and polished floors.
The property was offered through LJ Hooker agents John McManus and Jing Peng.
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Chatswood parkside Federation trophy home sold for $4,955,000

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Hume Property Pty Ltd, formerly known as Bennelong Group, is offering its dual tower property in the heart of Sydney’s Chatswood for sale.
The decision, in part, was driven by the recent release of the new draft masterplan encouraging greater development in Chatswood and the sustained strong rental growth and increasing offshore purchaser interest in the precinct. 
Chatswood Central, at 1 – 5 Railway Street, is being offered to the market by way of expression of interest closing on March 30.
The listing agents are Jon Chomley and Steam Leung of Colliers International and Bevan Kenny and Chris Veitch of CI Australia.
The two, 12-storey towers are joined by the retail plaza, which provides a range of cafes and restaurants, a gymnasium and a childcare. Overall the buildings contain over 18,000 sqm of office and retail accommodation, with 100 basement carparks, and a strong mix of income from different sources.
The amenities in the Chatswood CBD have proven to be a strong drawcard for tenants, resulting in the property enjoying consistently high occupancy rates and a strong cash flow, according to a media release.
“Chatswood has been the beneficiary of strong rental growth over the last 3 years and this looks set to continue with the removal of suburban office space from the market for residential development. This in turn has reduced supply, particularly in B grade office space, and has bolstered rental growth,” said Jon Chomley.
The site adjoins the entry to the Chatswood Bus and Rail Interchange and is close to Westfield Chatswood and Chatswood Chase shopping centres. 
Hume has owned the property for over 10 years and has upgraded the plaza area, the lifts and the air-conditioning.
The site spans 3,806 sqm providing future development opportunities as it is underdeveloped under the current Masterplan for Chatswood, according to the listing agents.
“Whilst it will take time for any proposed redevelopment the building enjoys virtually full occupancy with strong effective rental growth and the improving property fundamentals of the Chatswood market,” said Bevan Kenny.
The site is currently leasehold from the Rail Corp, however, Hume has been in dialogue with RailCorp and there is a known pathway to either extend the ground lease term or freehold the property. 
 
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